Few months ago I was posting that SP held well the support of 7.7-7.9c. But this time it is different. Support was attacked few times and eventually it got broken. Now at 7.2c it clearly started the next stage of the downtrend.
Considering fundamentals : price of silver is also under a lot of pressure; and production level problems vs hedged quantities - all this in my opinion is reflected in the current SP. So unless at least one of these factors changes then I do not see SP recovering too soon.
I do not hold this stock anymore (sold with small loss), but will watch it now and then.
AYN Price at posting:
4.4¢ Sentiment: LT Buy Disclosure: Not Held
